In accordance with the provisions of the Code of Best Practice for WSE Listed Companies, the Ljubljana Stock Exchange Rules, and the applicable legislation, the company Gorenje, d.d., is publishing the following announcement:
The company Gorenje, d.d., paid out on Friday, the 22nd of December, 2016, the holders of commercial paper issued on the 3rd of February, 2016 with the total face value repaid amounts to EUR 28.9 million.
The 22nd of December, 2016, is the maturity date for commercial paper GRV04, issued on the 3rd of February, 2016 with a total face value of EUR 28.9 million and an interest rate of 2.00%. The purpose of the issue of commercial paper was to diversify the sources of short-term financing and especially seasonal financing of operations, consistently with the annual cash flow dynamics, and to optimize the finance expenses.
To accommodate its seasonal requirements for financing of operations, the company Gorenje, d.d., will commence at the beginning of 2017 for the fifth consecutive time the procedure for a new issue of commercial paper. To this end, the company will start, after the release of this notification, the pre-issue activities in the capital market (market sounding), which will be followed by the offering process to be completed with subscription and payment for new commercial paper, which is planned by the end of January 2017. Anticipated volume of the issue shall be up to EUR 40 million.
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The information in this announcement will be available on the official web site of the company Gorenje, d.d., Velenje, Slovenia, www.gorenjegroup.com, for at least 5 years from the date of this announcement.